Which of the following statements is true?
A) Firms ultimately demand labor in order to make profits.
B) Firms demand labor for the tax deduction.
C) Labor supply shows how the quantity of labor changes with changes in working conditions.
D) People supply labor for the enjoyment of it.
E) As everyone must supply labor by necessity, labor demand is all that really counts in the labor market.
Correct Answer:
Verified
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Q30: The demand curve for the labor market
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A)The
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Q35: Because labor demand is a derived demand,
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A)the way people spend
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